How Big Data Is Changing The Film Industry

How Big Data Is Changing The Film Industry

How Big Data is Changing the Film Industry

The film industry is huge, generating in excess of $520 billion revenue in the USA in 2013.

rating-vs-year

Imagine if this behemoth of the entertainment world could be further refined by taking account of consumers’ preferences, viewing habits and cultural interests?

Big data makes this refinement possible. As consumers publish information and provide a constant stream of feedback on Twitter, Facebook, Google Plus and personal blogs, studios now have almost limitless information about what genres prosper, which actors are favoured, how films are marketed, and which adverts should appear where.

Consumer Driven Data

An interesting example is that of the ‘Internet Movie Database’ (IMDb). Boasting a database over more than 2.5 million films and 50 million users, the site enables anybody to contribute new material, edit existing entries, and most importantly, rate any film on a scale of 1 to 10. This data can then be extrapolated into charts, tables and graphs about broad categories (favoured genres, directors, actors and storylines) to the extremely specific (most overrated films in Ottawa with a PG certificate).

When combined with other datasets such as aggregate Google search queries, studios can predict how well their films will perform ahead of time – gaining insight into whether an idea is likely to fly to the top of the box office charts or crash to the bottom of the movie scrapheap. Big data used in this way could ultimately put an end to the much fabled ‘movie flop’, preventing recent box-office disasters such as ‘The Lone Ranger’.

Marketing and Release

Films and marketing campaigns can tailor-made for individual geographic locations and their performance can be monitored. There is research that suggests there is a direct correlation between the amount of ‘likes’ a film receives on Facebook, and its likelihood of selling out at a cinema showing. This allows studios to work harder on marketing drives and word-of-mouth campaigns for films that have the least receptive reactions.

It is now possible for early reactions in Asia to determine the strategies that will be implemented in America just hours later, with releases, adverts, and word of mouth controlled in different countries at the studios discretion.

In a Tribeca Talks Industry panel discussion, the example of ‘2016: Obama’s America’ was used to illustrate the point, with the film using a steady release based on localised political trends to achieve a much higher level of success than would have been possible with a standard nationwide or limited release.

Caution

Not all of the impacts of big data are necessarily positive. With such readily available information about preferences and passions of cinema-goers, there is a danger that the quality and diversification of films starts to suffer. Directors and studios are far less likely to risk money and prestige on an untested and unproven formula, instead erring on the side of caution and producing tried and tested content.

As with all things, the data also requires skilled analysis to prevent misleading interpretations. To again use the example of IMDb, several commentators believe the data to be flawed for many reasons. For example, the website maintains its own ‘Top 250’ list, yet only non-documentary theatrical releases running at least forty-five minutes with over 25,000 ratings are considered, and submitted ratings are filtered and sorted in various ways in order to produce a weighted mean that is displayed for each film.

Ultimately, studios who don’t hire people who can manage data sets and then use strong programming and maths skills to extract findings that tell a story may just find themselves making the next Waterworld!

How do you think big data can change the world of cinema? Let us know in the comments below.

By Daniel Price

(Image Source: Bugra)

Follow Me!

Daniel Price

Daniel is a Manchester-born UK native who has abandoned cold and wet Northern Europe and currently lives on the Caribbean coast of Mexico. A former Financial Consultant, he now balances his time between writing articles for several industry-leading tech (CloudTweaks.com & MakeUseOf.com), sports, and travel sites and looking after his three dogs.
Follow Me!

One Response to How Big Data Is Changing The Film Industry


CloudTweaks Sponsors - Find out more!

Popular

Top Viral Impact

Cloud Infographic – Big Data Survey: What Are The Trends?

Cloud Infographic – Big Data Survey: What Are The Trends?

Jaspersoft Big Data Survey Shows Rise in Commitment to Projects and Decline in Confusion Nearly 1,600 Jaspersoft Community Members Participate in Second Jaspersoft Big Data Survey San Francisco, February 4, 2014 – Jaspersoft, the Intelligence Inside applications and business processes, today shared results from its Big Data Survey. Nearly 1,600 Jaspersoft community members responded to…

Cloud Infographic: Cloud Computing Growth

Cloud Infographic: Cloud Computing Growth

An excellent infographic provided by AwesomeCloud which predicts a continued high level of growth in the cloud computing industry. Potentially staggering numbers for Public Cloud IT Services of $100 Billion by 2016. Infographic Source: AwesomeCloud About Latest Posts Follow Me!Daniel PriceDaniel is a Manchester-born UK native who has abandoned cold and wet Northern Europe and currently lives on…

Big Data Analytics Adoption

Big Data Analytics Adoption

Big Data Analytics Adoption Big Data is an emerging phenomenon. Nowadays, many organizations have adopted information technology (IT) and information systems (IS) in business to handle huge amounts of data and gain better insights into their business. Many scholars believe that Business Intelligence (BI), solutions with Analytics capabilities, offer benefits to companies to achieve competitive…

Cloud Infographic – Monetizing Internet Of Things

Cloud Infographic – Monetizing Internet Of Things

Cloud Infographic – Monetizing Internet Of Things There are many interesting ways in which companies are looking to connect devices to the cloud. From the vehicles to kitchen appliances the internet of things is already a $1.9 trillion dollar market based on research estimates from IDC. Included is a fascinating infographic provided by AriaSystems which shows us some…

Cloud Infographic – Cloud Fast Facts

Cloud Infographic – Cloud Fast Facts

Cloud Infographic – Cloud Fast Facts It’s no secret that Cloud Computing is more than just a buzz term as that ship has sailed off a long time ago. More and more companies are adopting the uses and benefits of cloud computing while aggressively factoring cloud services spending into their budget. Included is an excellent…


Established in 2009, CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

You can help continue to support our community by social sharing, sponsoring, partnering or contributing to this great educational resource.

Contact

CloudTweaks Media
Phone: 1 (212) 763-0021
contact@cloudtweaks.com

Join our newsletter